Law 401 establishes an annual franchise tax rate savings opportunity for Corporations and Private Interest Foundations.
The National Assembly of Deputies of the Republic of Panama issued Law No. 401 of October 5th, 2023 (published in Official Gazette No. 25998) through which discounts of 25% are granted for prompt payment to owners of corporations and private interest foundations that advance the payment of the Annual Franchise Tax for year 2024 before
- Published in News
Morgan & Morgan receives top rankings in IFLR1000 2023.
Panama, October 3, 2023. Once again, Morgan & Morgan consolidates its position as a leading law firm in Panama in the 2023 IFLR1000 rankings for firms and lawyer ratings for Latin America. Firm´s rankings Banking and Finance: Tier 2 Capital Markets (Debt & Equity): Active M&A: Tier 2 Project Development: Tier 1 Individual ratings Francisco
Latin Lawyer 250, 2024: Highly Recommended
Panama, September 22, 2023. Once again, Latin Lawyer 250, 2024 edition, recommended Morgan & Morgan in the areas of Banking and Finance and Corporate and M&A. Banking and Finance “Morgan & Morgan´s banking and finance department frequently represents lenders during project finance deals, credit facilities and refinancing transactions. This practice group also includes capital markets
BVI Financial Annual Return
The Legislation The amendments to the British Virgin Islands (“BVI”) Business Companies Act (the “BC Act”) and BVI Business Companies Regulations (the “Regulations”) were published by the BVI government and entered into force on 1 January 2023. In this article we analyze a major change, which is relevant to the accounting requisite of BVI International
- Published in Estate Planning_news, Corporate Services_news, Fanny Evans, News
The National Immigration authority announces new migration measures for entry to Panama
The National Immigration Authority (hereinafter “SNM” for its acronym in Spanish) has announced that, starting from September 8, 2023, they will implement new administrative migration measures for entry to Panama, in order to counteract the increase in irregular migration. Among the new migration measures to be implemented, we can mention the followings: Reduction of the stay period for
- Published in Albalira Montúfar, Carolina Tejada, Immigration Law_news, Ivette Gonzalez, News, Patricia Henderson
Chambers Private Wealth Global Practice Guide 2023: Panama.
Panama, September 7, 2023. Morgan & Morgan’s Private Wealth Law team, comprised of partners Raúl Castro, Luis Manzanares, Fernando Boyd, and Laura Barrios, contributed to the Panama Chapter of Chambers Private Wealth Law Practice Guide 2023, a guide featuring over 30 jurisdictions. Our analysis on the trust and corporate services industry in Panama offers the latest
- Published in Corporate Services_news, Estate Planning_news, Fernando Boyd, Laura Barrios, Luis Manzanares, News, Raul Castro
Remote work after Covid: Panama’s experience
By Maria Teresa Mendoza, Partner, Labor Law. This article was originally published on CorporateLiveWire, Expert Guide, August 2023. The Covid-19 pandemic changed our lives in many ways and has had a long-term impact on various different aspects, including how people organise their work and where the work is performed. Working remotely is not a new
- Published in Labor Law_news, Maria Teresa Mendoza, News
The Bahamas´ New Business Licence Act, 2023
New Legislation Business Licence Act, 2023 (the “New Act”) which repeals and replaces the Business Licence Act, 2010 (the “Repealed Act”) is now in force along with the ancillary Business Licence Regulations, 2023 (the “New Regs”). The New Act is a consolidation and amendment of the law relating to business licences from the period commencing
- Published in Fanny Evans, News
Morgan & Morgan outstands in Chambers Latin America 2024.
Panama, August 24, 2023. Once again, Morgan & Morgan consolidates its position as the leading law firm in Panama in Chambers Latin America Guide 2024, the key reference point of Latin American top law firms. The firm achieved 22 top individual rankings in 7 practice areas, the highest number for a Panamanian law firm. The
- Published in News, Allen Candanedo, Ana Castillo, Banking and Finance_news, Energy and Natural Resources_news, Francisco Arias, Francisco Linares, Inocencio Galindo, Intellectual Property_news, Jazmina Rovi, Jose Carrizo, Juan David Morgan Jr, Kharla Aizpurua, Litigation and Dispute Resolution_news, Luis Raven, Luis Vallarino, Mayte Sanchez, Omar Rodriguez, Orlando Tejeira, Ramon Varela, Ricardo Arias, Roberto Vidal, Securities and Capital Markets_news, Shipping and Admiralty Litigation_news, Simon Tejeira
Morgan & Morgan outstands in WWL: Central America 2023.
Panama, August 1, 2023. Once again, Morgan & Morgan leads the Panama section of Who´s Who Legal (WWL): Central America 2023, achieving the most recommended number of lawyers in Panama. The publication endorsed nineteen lawyers of the firm in the following practice areas Banking, Finance & Projects: Francisco Arias G. Inocencio Galindo Ramón Varela Ana
- Published in News, Albalira Montúfar, Allen Candanedo, amanda_barraza_publi, Ana Castillo, Banking and Finance_news, Barraza Amanda, Carlos Ernesto Gonzalez, Corporate Services_news, Energy and Natural Resources_news, Francisco Arias, Francisco Linares, Inocencio Galindo, Intellectual Property_news, Jazmina Rovi, Jose Carrizo, Juan David Morgan Jr, Labor Law_news, Litigation and Dispute Resolution_news, Luis Manzanares, Luis Vallarino, Maria Teresa Mendoza, Projects_news, Ramon Varela, Real Estate_news, Ricardo Aleman, Rishi Mungal, Rishi_mungal_publi, Roberto Lewis, Rodrigo Arias, Shipping and Admiralty Litigation_news, Simon Tejeira, Taxation_news